Which Statement About Political Forecasting Is False? Managers Can Attempt

question 118

Multiple Choice

Which statement about political forecasting is false? Managers can attempt to forecast future political actions by __________.

• A)placing themselves in the position of other persons involved in critical decisions or events
• B)examining the benefits for all concerned parties with respect to each decision and action
• C)considering the costs to all involved parties regarding each decision and action
• D)spontaneously taking action with little thought
• E)framing the situation in the context of a political payoff matrix

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Definitions:

Payback Period

The period of time needed to recover the initial cost of an investment.

Simple Rate

A basic or straightforward percentage or interest rate, not compounded or adjusted.

Purchasing

The process of acquiring goods or services to accomplish the goals of an organization, often involving activities such as selection, negotiation, and order placement.

New System

A newly implemented set of procedures, technologies, or methodologies designed to change or improve current operational processes.